Can someone explain brokerage accounts to me? I have extra money to invest after 401k and Roth maxes. My impression is it’s a good savings account with no withdrawal fee.

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You’ve put all $55,000 in to your 401k? Don’t stop at $18.5k, PwC allows you to use all of your 401k space which some firms do not (D & EY).

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A1 Vanguard brokerage account, SM 2 - so I can go up to $55k instead of 18.5k? How is that possible?

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OP, see after-tax contributions and in-service rollovers. Its a huge advantage for you folks that have 401ks which support this. Google ‘mega-backdoor Roth’.

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Which brokerage service are you referring to

I’m a little confused, a brokerage account would be used to fund investments outside of retirement accounts. You’re trying to put away money in a account to save and not touch, or to invest into a riskier vehicle?

I’m trying to put money in a riskier vehicle that is focused on short term (like buying a house) - is a brokerage account applicable for this?

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